Air Freight Forwarding Market Poised for Growth: Global Industry to Reach $133.7 Billion - Comprehensive Analysis and Forecast to 2030 [Yahoo! Finance]
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Source: Yahoo! Finance
The global air freight forwarding market is gearing up for a surge with projected substantial growth opportunities across pharmaceutical, food & beverage, electronic, automotive, and consumer goods sectors. Steered by the dynamic demands of globalization and an upswing in disposable income, the market is positioned to hit a remarkable $133.7 billion by 2030. A compound annual growth rate (CAGR) of 3.8% from 2024 to 2030 is anticipated, signaling a robust period for the industry. Recent times have seen an escalation in the need for efficient air cargo services, which is now the engine driving market expansion. The commercial segment, in particular, is forecasted to experience the highest growth attributed to an augmented need for air transport of goods. Analysts point towards the pharmaceutical segment as maintaining its stance as the largest due to the critical nature of time-sensitivity and the high value associated with pharmaceutical products. The Asia Pacific region is determ
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